Diamondback Energy, Halliburton, and VoltaGrid Sign Agreement for Four Electric Simul-Frac Fleets in the Permian Basin
Diamondback Energy, Inc. (FANG)
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Source: GlobeNewswire
HOUSTON, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy (NYSE: FANG), Halliburton Energy Services (NYSE: HAL), and VoltaGrid LLC have entered into a landmark agreement to deploy four advanced electric simul-frac fleets across the Permian Basin. This collaboration represents a significant investment in clean and efficient energy solutions, with VoltaGrid delivering approximately 200 megawatts (MW) of electric power to support Diamondback Energy’s field operations. This marks a continuation of a longstanding partnership focused on sustainability and operational excellence. The electric simul-frac fleets will integrate Halliburton’s ZEUS™ 6,000-horsepower (HHP) all-electric fracturing technology with VoltaGrid’s advanced power generation systems, creating a high-performance, low-carbon solution tailored to the demands of the Permian Basin. The ZEUS platform comprises electric pumping units, Octiv® Auto Frac service, and Sensori™ fracture monitoring service. Under the agreement,
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